Optimal Logistics Limited - Period Ending 2015-12-31

Company registration number 07370424

Optimal Logistics Limited

Unaudited Abbreviated Accounts

for the Year Ended

 31 December 2015
 

Scott & Wilkinson LLP
Chartered Accountants
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

Optimal Logistics Limited

Contents

FOR THE YEAR ENDED 31 December 2015
 

Page(s)

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Optimal Logistics Limited

Abbreviated Balance Sheet

as at 31 December 2015
 

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					863			-
Current assets
Debtors					34,561			12,993
Cash at bank and in hand					58,055			46,455
					92,616			59,448
Creditors: Amounts falling due within one year					(38,493)			(19,686)
Net current assets					54,123			39,762
Total assets less current liabilities					54,986			39,762
Provisions for liabilities					(173)			-
Net assets					54,813			39,762
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					54,713			39,662
Shareholders' funds					54,813			39,762

Company registration number: 07370424

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on...... September 2016

Mr R E Parr
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Optimal Logistics Limited

Notes to the Abbreviated Accounts

 for the Year Ended 31 December 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,151			1,151
At 31 December 2015		1,151			1,151
Depreciation
Charge for the year		288			288
At 31 December 2015		288			288
Net book value
At 31 December 2015		863			863

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 2